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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting pointlessfor
3224 short
closed 3215
Quoting ZenNy
{quote} Yes, but time will tell...
60m chart.

On the 15, she made another leg up, but on the hourly was a clear fail final flag at a dueling line (intersection trendline and trend channel line)
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trading is simple but is simple is not easy.
Quoting Sammih
{quote} Your analysis has provoked my thought process. I agree with you. but I wont be too hasty to place a sell just yet. Here is my own analysis for notes comparison. Mine says we've broken a trendline and are now just re testing it as usual. I absolutely concur 3275 is resistance. A break below point A would lead to point B (90 pips) . A break of B would turn me into a bear and would lead to C (300 pips) respectively. But a break above D would take us to E (600 pips) Views? {image} {image} {image}
Good analysis man
Quoting Dr.Phoenix
{quote} wait with me... Best D.P. P.S. Big boys are closing their positions behind the round numbers and quarters.
Good thing we waited. Although I am kinda unhappy that I missed the opportunity to open a short position afterwards.
We could be in a pennant with TP between today and tomorrow around 1.3170

EDIT: 2:17 PM (italian time). The order has been closed because not triggered.
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We are pushing down. BBs do not give retail traders to go up.
The question is what the level is comfortable for BBs to push down.

Best
D.P.
Hunting High and Low
lines to watch.
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OK im watching but what does it mean?
Quoting mlawson71
{quote} Good thing we waited. Although I am kinda unhappy that I missed the opportunity to open a short position afterwards.
D.P.
Hunting High and Low
long 3213
Quoting pointlessfor
long 3213
I think we're drifting lower brother, but wish u a luck.
buying tops / selling bottoms
Quoting voty
{quote} I think we're drifting lower brother, but wish u a luck.
think he's playing the retrace after the H1 engulf which is forming now?
Today is the day of the dreaded drift on nearly every pair. Might give up for the day and read a book instead
Bouncing off order level- 1.32
short @ 1.3193
Quoting pointlessfor
long 3213
waiting second long. still holding
Quoting nairate
Today more longs comming... will see. no trades yet short 1325 tp 1315 {image}
Halfway to the destination

And hope that british shoppers had been exhausted for spending their money
bcos that raised consumer credit more and hit strongest pace in 10 years
as shoppers hit the stores and took advantage of low interest rate loans.
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Broken through 1.32- next stop anyone-1.318, 1.315
At least we have some news this afternoon - Durable Goods
Despite missing estimates over the the last several months - analysts appear to this think that they could be beaten
This could be assisting in the downward pressure on Cable
Tomorrow looks good though
1st long @ 3194
Pending long @ 3185 (Weekly POC)

Best
D.P.
Hunting High and Low
We have had a 5 wave movement downwards - so it could retrace
62 traders viewing now, 4 are members:
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